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Cash in as the "Alibaba Shockwave" Creates the World's First Trillion-Dollar Company

How many times have you been reading about a long-ago historical event – or been watching a documentary about it on the History Channel – and thought to yourself: “Wow, it would’ve been really cool to have actually been there to see this happen.”

I couldn’t agree more: As a big history buff myself, I find myself making that statement on a regular basis.

  • Jason Simpkins

  • Will Obama Lift the Trade Embargo Against Cuba? By Jason SimpkinsManaging EditorMoney Morning U.S. President Barack Obama has opened the door to a broader relationship with Cuba by loosening travel and communication restrictions. But will pressure from numerous Latin American states and a promise to usher in a new era of cooperation and dialogue in the Western Hemisphere ultimately result in the revocation […] Read More...
  • Energy Development in Iraq Faces Political Obstacles, but Could Prove a Boon for China By Jason SimpkinsManaging EditorMoney Morning Global oil majors interested in Iraq's huge energy reserves continue to be derailed by that Middle Eastern nation's political and ethnic divisions – despite recent increases in security. So far, China has been the most successful at sidestepping Iraq's blurry bureaucracy. And that presents an intriguing potential view of the […] Read More...
  • Developed and Emerging Nations Forced to Ante Up to Stem a Worldwide Water Shortage By Jason Simpkins Managing Editor Money Morning Three-quarters of the world consists of water, but growing populations, higher living standards, and global climate change have more than a few analysts worried that there still may not be enough to go around. In fact, water shortages are erupting around the world, from San Diego to Riyadh. […] Read More...
  • China’s Growth Slows but a Rebound May be on the Way By Jason SimpkinsManaging EditorMoney Morning China's economy expanded by 6.1% in the first quarter, its slowest pace in at least a decade. But many economists believe this will be the low point for the world's third-largest economy, as signs of recovery are already starting to emerge. A collapse in exports and industrial overcapacity are the […] Read More...
  • Three Big Reasons Oil Prices Will Resume Their Rally [Editor's Note: This report on the global oil market is the latest installment in a series of Money Morning quarterly reports that will examine such topics as gold, housing and U.S. equities. These reports will now be a regular feature at the end of each quarter.] By Jason Simpkins Managing Editor Money Morning Oil has […] Read More...
  • China Flexes its Muscles and Finds Support in a Bid to Dump the Dollar as the World's Main Reserve Currency By Jason Simpkins Managing Editor Money Morning Finance officials from Beijing in Moscow on Thursday held a videoconference to discuss the creation of a “supra-national reserve currency,” the latest evidence of the support China is getting from developing countries as it seeks to replace the U.S. dollar as the world’s main reserve currency. This controversial […] Read More...
  • Narrowing of the Trade Gap Bodes Well for First Quarter Growth By Jason Simpkins Managing EditorMoney Morning The trade gap unexpectedly narrowed in February to its lowest level in nearly a decade, an indication that the U.S. economy may not have shrunk in the first quarter as much as analysts anticipated. The trade gap shrank 28% to $25.97 billion from a revised $36.2 billion in January, […] Read More...
  • Japan Planning New $100 Billion Stimulus By Jason Simpkins Managing EditorMoney Morning Japan plans to introduce a new economic stimulus package that includes new spending of at least $100 billion, the country's finance minister said today (Monday). Japan's export-dependent economy continues to struggle as world demand plummets and domestic demand remains weak. The economy shrank by 3.2% in the fourth quarter […] Read More...
  • China Continues to Expand its Economic Clout by Challenging the Dollar’s Dominance Ahead of the G20 Summit By Jason Simpkins Managing Editor Money Morning China has been more vocal than ever ahead of tomorrow's (Thursday's) Group 20 financial summit, a development that highlights the nation's dissatisfaction with the dollar, as well as its growing political and economic influence on the world stage. After questioning the dollar's viability as the world's main reserve […] Read More...
  • Obama Rejects Automakers’ Reorganization Plans; Elevates Potential for Bankruptcy By Jason Simpkins Managing EditorMoney Morning General Motors Corp. (GM) shares plunged more than 25% yesterday (Monday) – sparking a widespread stock-market sell-off – after U.S. President Barack Obama rejected turnaround plans that would have brought GM and Chrysler LLC billions in government rescue money and told the carmakers that bankruptcy might provide the best […] Read More...
  • China Resource Drive Stalled by Government Intervention in Oz Minerals Deal By Jason Simpkins Managing Editor Money Morning The Australian government blocked China Minmetals Corp's $1.8 billion for the Oz Minerals Ltd. Friday, on the grounds that the Melbourne-based company's flagship mine is located in a military zone. The block is the latest development in an ongoing political dispute over whether the government should Chinese interests […] Read More...
  • GDP Shrinks 6.3% in the Fourth Quarter, First Quarter Expected to be Just as Bleak By Jason SimpkinsManaging EditorMoney Morning The U.S. economy contracted at a 6.3% annualized rate in the fourth quarter of 2008 – the sharpest decline in gross domestic product (GDP) in more than two decades, but still better than many analysts had expected. The Bureau of Economic Analysis said last month that fourth-quarter GDP contracted at […] Read More...
  • The Three Ways China May Deal With Growing U.S. Debt By William Patalon III And Jason Simpkins Money Morning Editors Although there's a veritable laundry list of obstacles that could blunt the U.S. government's ongoing economic turnaround efforts, its single-biggest challenge may come from its single-biggest creditor – China. When China announced a new array of stimulus measures earlier this month, this very important plan […] Read More...
  • With Russia’s Economy in a Deep Freeze, Is Medvedev Gearing Up to Give Putin Das Boot? By Jason SimpkinsManaging EditorMoney Morning With Russia's economy in shambles, President Dmitry Medvedev has been distancing himself from his predecessor and friend of 20 years, Prime Minister Vladimir Putin. In doing so, Medvedev has fueled speculation that the former-KGB agent's days in Moscow may be numbered. Russia has been hit with a triple-whammy since the […] Read More...
  • Emerging Markets Seek to Dump the Dollar as World’s Main Reserve Currency By Jason SimpkinsManaging Editor Money Morning Emerging markets, led by China and Russia, plan to jointly challenge the U.S. dollar's role as the world's sole benchmark currency at the April 2 meeting of the Group 20 nations – a move that underscores the currency's weakness and fading support around the world. The creation of a […] Read More...